RAK Digital Assets Oasis (RAK DAO), a forward-thinking initiative led by the Government of Ras Al Khaimah, has embarked on a groundbreaking collaboration with Conflux Network, a prominent blockchain developer. This strategic alliance is poised to redefine the landscape of blockchain and digital asset development, particularly within the Middle East.
A Vision of Progress and Collaboration
Aligned with a shared vision of progress, RAK DAO and Conflux Network formalized their partnership through a strategic Memorandum of Understanding (MOU). This MOU, effective since 2023, underscores their commitment to harnessing each other’s strengths and expertise for mutual advancement.
Holistic Collaboration for Industry Redefinition
The collaboration between RAK DAO and Conflux Network spans various dimensions, encompassing joint initiatives, strategic support and development, and the provision of support and grants. Through incubation and acceleration programs, educational initiatives, and community-building events, the partnership aims to nurture innovative projects and cultivate a vibrant blockchain community.
Reciprocal Support for Regional Expansion
In this collaborative venture, RAK DAO extends support to Conflux Network in establishing a robust presence in the UAE and the broader Middle East. Simultaneously, Conflux Network commits to tailoring blockchain solutions to meet the specific needs of digital and virtual asset companies within RAK DAO. Furthermore, Conflux Network will provide support to startups and projects within RAK DAO, offering customized blockchain solutions and facilitating market entry into Asia.
Driving Advancements in Blockchain Technology
The alliance between RAK DAO and Conflux Network holds the promise of significant benefits, driving advancements in blockchain technology. Through educational and developmental initiatives, the collaboration aims to cultivate a skilled workforce in the sector, contributing to the growth and evolution of the blockchain industry.
Excitement and Commitment from Conflux Network
Dora Jiang, Global BD Lead of Conflux, conveyed her excitement about the collaboration, stating that Conflux is thrilled to partner with RAK DAO in the Web3 space. The collaboration aligns with Conflux’s mission to provide blockchain infrastructure and support the global adoption of Web3 technologies. The aim is to leverage expertise and resources to empower businesses and entrepreneurs in Ras Al Khaimah, shaping the future of blockchain and digital assets in the region.
RAK DAO’s Progressive Ecosystem and Conflux’s Unique Advantages
RAK DAO, with its progressive policies and supportive ecosystem, is committed to fostering the growth of digital assets and blockchain technology. Conflux Network, operating as a permissionless Layer 1 blockchain, connects decentralized economies across borders and protocols. Notably, being the only regulatory-compliant public blockchain in China, Conflux offers a unique advantage for projects expanding into Asia.
Milestone Partnership with Transformative Potential
The collaboration between RAK DAO and Conflux Network signifies a significant milestone in the blockchain industry. Both parties are steadfast in their commitment to exploring further avenues for cooperation in the digital assets and Web3 space. This partnership has the potential to drive transformative changes in blockchain innovation, contributing to the continued growth and adoption of this revolutionary technology.
